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Updated Sept. 1, 1998 2:57 p.m. ET

Scientific-Atlanta Gets Warrants for Concurrent

Scientific-Atlanta Inc., Fort Lauderdale, Fla , obtained warrants for two million shares of Concurrent Computer Corp. in exchange for an agreement to jointly develop and sell video-on-demand systems. Concurrent said the warrants are exercisable at $5 a share over a four-year term. Scientific-Atlanta may also receive performance warrants for up to an additional eight million shares, potentially providing it with up to a 16% stake in Concurrent, which has 50 million shares outstanding. Performance warrants for 800,000 additional shares will be granted for every $30...